One of today's notable stocks in decline is BancorpSouth (NYSE:BXS), down 2.1% to $14.75. The S&P is trading fractionally higher to 1,461 and the Dow is trading fractionally lower to 13,390.
In the past 52 weeks, BancorpSouth share prices have been bracketed by a low of $10.85 and a high of $15.69 and are now at $14.75, 36% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 0.36% higher over the past week, respectively.
BancorpSouth (NYSE:BXS) defies analysts with a current price ($14.75) 6.8% above its average consensus price target of $13.75. The stock should discover initial support at its 200-day moving average (MA) of $14.00 and subsequent support at its 50-day MA of $13.81.
BancorpSouth, Inc. is the holding company for BancorpSouth Bank. The Bank attracts deposits from the general public and originates a variety of loans. BancorpSouth operates in Mississippi, Alabama, Tennessee, Arkansas, Texas, and Louisiana. The Company also provides investment services, consumer finance, credit life insurance, and insurance agency services.
